The SEC’s at it again, delaying decisions on Dogecoin and Hedera ETFs, pushing the deadline all the way to November 12.
They’re the grandmasters of the delaying. Yeah, the regulator’s playing the slow game, sitting on a mountain of 92 crypto ETF proposals waiting for their moment to shine or fade away.
Turning trusts into ETFs
Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF have been kicked down the road once more.
These filings have been in the queue since March, gathering dust like that office stapler no one ever uses but everyone notices. The SEC’s move to postpone isn’t surprising to be honest.
After all, they’re juggling a heap of applications with institutional investors lining up like it’s Black Friday for altcoin exposure.
Grayscale, who made history last year by flipping its Bitcoin Trust into the US’s first spot Bitcoin ETF, is hungry for more.
They’re aiming to do the same with Litecoin and Bitcoin Cash.
Why? Because turning these trusts into ETFs that trade on national exchanges means smoother trading, less of that annoying premium and discount dance OTC products pull.
Makes life easier for investors, ya know?
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Postponement and deadlines
But the SEC? They’re stricter than a mob boss guarding his territory. Instead of quick thumbs up or down, they stretch out their review, maxing out every statutory extension allowed.
August saw a flurry of pushed-back decisions, Truth Social’s Bitcoin and Ethereum ETF, 21Shares’ and Bitwise’s Solana ETFs, XRP trusts, they all got the postponement treatment, deadlines moving like salespeople dodging their quotas.
Why? Because the SEC’s cautious, no doubt about it. Experts highlighted that thirty-one spot altcoin ETF proposals hit the desk this year alone, covering big names like XRP, Dogecoin, Solana, Litecoin, Avalanche, and BNB.
Among these, Solana is playing the lead role with eight filings, and XRP’s right behind with seven. It’s a quite crowded stage, and the SEC wants to keep control of the spotlight.
NEW: Here is a list of all the filings and/or applications I'm tracking for Crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025
No quick green light
See, the crypto community is concerned because the SEC’s approach keeps everyone on edge, traders, investors, companies, even regulators.
It’s like waiting for a boss’s call after you’ve put in overtime, wondering if promotion or pink slip is coming next.
Investors hungry for crypto ETFs have to keep their patience hats on, because no quick green lights are on the horizon. It’s annoying.
Either way, the SEC’s deliberate pace signals that altcoin ETFs aren’t gonna get an easy pass.
The regulatory game is tight, the stakes high, and for Grayscale and friends, the journey to ETF approval is an epic one, full of suspense, delays, and plenty of drama. Are we not entertained?
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: September 11, 2025 • 🕓 Last updated: September 11, 2025
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